Creditors of Titan Bulk Haulage — one of the companies owned by beleaguered Otago businessman Malcolm Burns — have been left out of pocket by more than $1 million. Administration of the liquidation of the Mosgiel trucking company has been completed and the final report this month said $3.33 had been recovered from its bank…
New Delhi [India], May 28 (ANI): Fewer companies went through the insolvency process under the Insolvency and Bankruptcy Code (IBC) in financial year (FY) 2025, according to the credit rating firm ICRA. As per the ICRA, only 724 companies were admitted for insolvency, a sharp 28 per cent drop from 1,003 in the previous year.…
Crisis Interventions in Corporate Insolvency – ANTILL – 2025 – The Journal of Finance Wiley Online Library Read the original article here
New Delhi [India], May 28 (ANI): Fewer companies went through the insolvency process under the Insolvency and Bankruptcy Code (IBC) in financial year (FY) 2025, according to the credit rating firm ICRA. Advertisement As per the ICRA, only 724 companies were admitted for insolvency, a sharp 28 per cent drop from 1,003 in the previous…
JABALPUR: A young man was killed with a knife for not settling a debt of 50 rupees, which he lost during a gambling game. After the incident, local residents severely beat the attacker, causing him serious injuries, and his condition remains critical.According to information from the Civil Line police station, Abhishek Kol, 22, a resident…
Ted Menmuir, SBC News Email, LinkedIn, and more Blackstone has allowed its Spanish gambling asset, CIRSA SA, to sanction a €600m [$680m] issuance in debt notes aimed at reducing CIRSA’s corporate debt to just below €2.4bn [$2.7bn]. The transaction, consisting of senior secured notes due to mature in 2030, carries a significant interest rate, as…
The daunting prospect of disqualification acts as a key deterrent to safeguard both the public and financial institutions from corporate misconduct. This article focuses on directors’ disqualification in England and Wales, examining the causes and consequences under the Company Directors Disqualification Act 1986 (CDDA), including the impact of Schedule 13 of The Finance Act 2024…
If you’re an active service member, you’re entitled to some financial protections. This is thanks to the Servicemembers Civil Relief Act (SCRA) and the Military Lending Act (MLA), both of which address the consumer debt that military members and their families may carry. These laws provide financial safeguarding like interest rate caps, protections against mortgage…
Last week for liquidation at Hudson’s Bay, with storied company set to lay off more than 8,000 CTV News Read the original article here
PR Newswire – 5 minutes ago TORONTO and WINDSOR, ON , May 27, 2025 /CNW/ – Unifor members who work at Hudson’s Bay Company (HBC) rallied in Windsor and Toronto to call for urgent insolvency reform and accountability from HBCexecutives who continue to deny workers’ severance as liquidation nears completion. The rallies, led by Unifor…